United Kingdom GBP

United Kingdom Mortgage Lending

Info

History

Chart

Impact:

Medium

Source: Bank of England

Latest Release:

Date:

Big Surprise:

£4.54B

GBP

Actual:

£5.34B

Forecast: £0.8B

Previous/Revision:

£2.21B

Period: Jun

Next Release:

Date:

Forecast: £1.3B

Period: Jul

What Does It Measure?

United Kingdom Mortgage Lending measures the number and value of new mortgage approvals issued to households, focusing on residential property financing. This indicator assesses trends in the housing market, consumer debt levels, and overall economic health, serving as a proxy for the demand for housing and consumers' confidence.

Frequency

This report is released on a monthly basis, with data typically made available in the first week of the following month and represents a preliminary estimate that may be revised in subsequent reports.

Why Do Traders Care?

Traders closely monitor UK Mortgage Lending as it significantly influences financial markets, particularly the real estate sector and banking stocks. Higher-than-expected mortgage approvals generally signal economic growth and increased consumer confidence, which can be bullish for both the British Pound and equity markets, while surprising downturns may raise concerns about economic weakness.

What Is It Derived From?

Mortgage Lending data is derived from a combination of financial institutions' records and surveys of lending practices to households, focusing on mortgages secured for purchasing residential properties. The data compilation involves analyzing the number of approvals and their total monetary value, with attention to various borrowing criteria and applicant demographics.

Description

The UK Mortgage Lending report provides insights into the housing market's dynamics by reflecting consumer borrowing trends and the overall health of the economy. It serves as a key indicator of economic sentiment since increased lending often correlates with rising house prices and consumer spending, which are vital for economic growth.

Additional Notes

This indicator is considered a leading economic measure, providing advance signals about consumer spending and housing market conditions. In addition, changes in mortgage lending trends can influence broader economic activity, including construction and retail sectors, making it relevant for both regional and national economic assessments.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for GBP, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Jul 29, 2025	£5.34B	£0.8B	£2.21B	£4.54B
Jun 30, 2025	£2.05B	£2.5B	£-0.78B	£-0.45B
Jun 02, 2025	£-0.76B	£-0.5B	£12.96B	£-0.26B
May 01, 2025	£12.96B	£3.8B	£3.3B	£9.16B
Mar 31, 2025	£3.29B	£4.2B	£4.23B	£-0.91B
Mar 03, 2025	£4.21B	£3.2B	£3.34B	£1.01B
Jan 30, 2025	£3.57B	£2.6B	£2.55B	£0.97B
Jan 03, 2025	£2.47B	£3.2B	£3.47B	£-0.73B
Nov 29, 2024	£3.44B	£2.85B	£2.57B	£0.59B
Oct 29, 2024	£2.54B	£2.8B	£2.85B	£-0.26B
Sep 30, 2024	£2.86B	£2.2B	£2.8B	£0.66B
Aug 30, 2024	£2.79B	£2.45B	£2.63B	£0.34B
Jul 29, 2024	£2.65B	£1.2B	£1.26B	£1.45B
Jul 01, 2024	£1.21B	£0.9B	£2.23B	£0.31B
May 31, 2024	£2.41B	£0.45B	£0.46B	£1.96B
Apr 30, 2024	£0.26B	£1.1B	£1.65B	£-0.84B
Apr 02, 2024	£1.51B	£-0.15B	£-1.073B	£1.66B
Feb 29, 2024	£-1.086B	£0.2B	£-0.854B	£-1.286B
Jan 30, 2024	£-0.83B	£0.25B	£0.006B	£-1.08B
Jan 04, 2024	£-0.039B	£-0.2B	£-0.083B	£0.161B
Nov 29, 2023	£-0.05B	£-0.1B	£-0.961B	£0.05B
Oct 30, 2023	£-0.94B	£0.6B	£1.116B	£-1.54B
Sep 29, 2023	£1.218B	£-0.16B	£0.201B	£1.378B
Aug 30, 2023	£0.23B	£-0.46B	£0.105B	£0.69B
Jul 31, 2023	£0.136B	£0.1B	£-0.085B	£0.036B
Jun 29, 2023	£-0.092B	£-0.5B	£-1.466B	£0.408B
Jun 01, 2023	£-1.384B	£0.3B	£-0.01B	£-1.684B
May 04, 2023	£0.018B	£1.25B	£0.67B	£-1.232B
Mar 29, 2023	£0.74B	£2.4B	£2B	£-1.66B
Mar 01, 2023	£2.541B	£2.95B	£3.082B	£-0.409B
Jan 31, 2023	£3.238B	£4B	£4.26B	£-0.762B
Jan 04, 2023	£4.358B	£3.7B	£3.6B	£0.658B
Nov 29, 2022	£3.966B	£5.023B	£5.9B	£-1.057B
Oct 31, 2022	£6.06B	£5.6B	£6.136B	£0.46B
Sep 30, 2022	£6.136B	£4.9B	£5.1B	£1.236B
Aug 30, 2022	£5.051B	£5.05B	£5.308B	£0.001B
Jul 29, 2022	£5.273B	£5.4B	£8.036B	£-0.127B
Jul 01, 2022	£7.426B	£4.15B	£4.16B	£3.276B
May 31, 2022	£4.121B	£7.2B	£6.441B	£-3.079B
May 04, 2022	£6.974B	£5.111B	£4.673B	£1.863B
Mar 29, 2022	£4.673B	£6B	£5.92B	£-1.327B
Mar 01, 2022	£5.92B	£4.35B	£3.969B	£1.57B
Feb 01, 2022	£3.571B	£3.522B	£3.693B	£0.049B
Jan 04, 2022	£3.7B	£3.55B	£1.1B	£0.15B
Nov 29, 2021	£1.607B	£4.75B	£9.3B	£-3.143B
Oct 29, 2021	£9.5B	£6B	£4.4B	£3.5B
Sep 29, 2021	£5.3B	£3.676B	£-1.8B	£1.624B
Aug 31, 2021	£-1.4B	£3.1B	£17.7B	£-4.5B
Jul 29, 2021	£17.9B	£7.9B	£6.8B	£10B
Jun 29, 2021	£6.6B	£4.584B	£3B	£2.016B
Jun 02, 2021	£3.3B	£6.6B	£11.5B	£-3.3B
May 04, 2021	£11.8B	£5.8B	£6.4B	£6B
Mar 29, 2021	£6.2B	£5B	£5.3B	£1.2B
Mar 01, 2021	£5.2B	£5B	£5.3B	£0.2B
Feb 01, 2021	£5.6B	£5.591B	£5.7B	£0.009B
Jan 04, 2021	£5.7B	£4.35B	£4.5B	£1.35B
Nov 30, 2020	£4.3B	£4.455B	£4.9B	£-0.155B
Oct 29, 2020	£4.8B	£3.796B	£3B	£1.004B
Sep 29, 2020	£3.1B	£3.65B	£2.9B	£-0.55B
Sep 01, 2020	£2.7B	£2.8B	£2.4B	£-0.1B
Jul 29, 2020	£1.9B	£1.8B	£1.3B	£0.1B
Jun 29, 2020	£1.22B	£-1B	£0B	£2.22B
Jun 02, 2020	£0.3B	£1.149B	£4.8B	£-0.849B
May 01, 2020	£4.8B	£3.5B	£4.3B	£1.3B
Mar 30, 2020	£4B	£3.95B	£4.01B	£0.05B
Mar 02, 2020	£4.01B	£4.7B	£4.4B	£-0.69B
Jan 31, 2020	£4.55B	£4.1B	£4.245B	£0.45B
Jan 03, 2020	£4.05B	£3.9B	£4.31B	£0.15B
Nov 29, 2019	£4.321B	£3.8B	£3.932B	£0.521B
Oct 29, 2019	£3.85B	£3.8B	£3.7B	£0.05B
Sep 30, 2019	£3.85B	£4.2B	£4.52B	£-0.35B
Aug 30, 2019	£4.61B	£3.7B	£3.79B	£0.91B
Jul 29, 2019	£3.73B	£3.4B	£2.94B	£0.33B
Jul 01, 2019	£3.102B	£4.1B	£4.093B	£-0.998B
May 31, 2019	£4.29B	£3.8B	£4.37B	£0.49B
May 01, 2019	£4.12B	£3.544B	£3.31B	£0.576B
Mar 29, 2019	£3.457B	£3.7B	£3.587B	£-0.243B
Mar 01, 2019	£3.66B	£3.9B	£3.95B	£-0.24B
Jan 30, 2019	£4.11B	£3.45B	£3.63B	£0.66B
Jan 04, 2019	£3.45B	£3.96B	£4.09B	£-0.51B
Nov 29, 2018	£4.12B	£3.501B	£4.02B	£0.619B
Oct 29, 2018	£3.89B	£3B	£3.1B	£0.89B
Oct 01, 2018	£2.904B	£3.25B	£2.97B	£-0.346B
Aug 30, 2018	£3.2B	£3.9B	£3.85B	£-0.7B
Jul 30, 2018	£3.85B	£3.95B	£3.77B	£-0.1B
Jun 29, 2018	£3.861B	£3.733B	£3.792B	£0.128B
May 31, 2018	£3.894B	£3.8B	£3.959B	£0.094B
May 01, 2018	£3.97B	£3.6B	£3.89B	£0.37B
Mar 29, 2018	£3.72B	£3.5B	£3.43B	£0.22B
Mar 01, 2018	£3.39B	£3.6B	£3.52B	£-0.21B
Jan 30, 2018	£3.683B	£3.45B	£3.736B	£0.233B
Jan 04, 2018	£3.5B	£3.4B	£3.35B	£0.1B
Nov 29, 2017	£3.39B	£3.6B	£3.75B	£-0.21B
Oct 30, 2017	£3.848B	£3.6B	£3.929B	£0.248B
Sep 29, 2017	£4.04B	£3.6B	£3.584B	£0.44B
Aug 30, 2017	£3.6B	£3.5B	£4.1B	£0.1B
Jul 31, 2017	£4.1B	£3.6B	£3.9B	£0.5B
Jun 29, 2017	£3.5B	£2.6B	£2.8B	£0.9B
May 31, 2017	£2.7B	£3B	£3.1B	£-0.3B
May 04, 2017	£3.1B	£3.4B	£3.4B	£-0.3B
Mar 29, 2017	£3.5B	£3.45B	£3.4B	£0.05B
Mar 01, 2017	£3.4B	£3.7B	£3.7B	£-0.3B
Jan 31, 2017	£3.8B	£3.3B	£3.1B	£0.5B
Jan 04, 2017	£3.2B	£3.5B	£3.2B	£-0.3B
Nov 29, 2016	£3.3B	£3.2B	£3.3B	£0.1B
Oct 31, 2016	£3.2B	£3B	£3.1B	£0.2B
Sep 29, 2016	£2.9B	£2.5B	£2.6B	£0.4B
Aug 30, 2016	£2.7B	£3.2B	£3.2B	£-0.5B
Jul 29, 2016	£3.3B	£2.6B	£2.9B	£0.7B
Jun 29, 2016	£2.8B	£2.2B	£0.1B	£0.6B
Jun 01, 2016	£0.3B	£3.8B	£7.4B	£-3.5B
Apr 29, 2016	£7.4B	£3.7B	£3.6B	£3.7B
Mar 31, 2016	£3.6B	£3.6B	£3.7B
Feb 29, 2016	£3.7B	£3.6B	£3.2B	£0.1B
Feb 01, 2016	£3.2B	£3.7B	£3.8B	£-0.5B
Jan 04, 2016	£3.87B	£3.6B	£3.6B	£0.27B
Nov 30, 2015	£3.6B	£3.45B	£3.6B	£0.15B
Oct 29, 2015	£3.6B	£3.45B	£3.4B	£0.15B
Sep 29, 2015	£3.4B	£2.8B	£2.82B	£0.6B
Sep 01, 2015	£2.7B	£2.8B	£2.6B	£-0.1B
Jul 29, 2015	£2.6B	£2.05B	£2.4B	£0.55B
Jun 29, 2015	£2.1B	£2.05B	£1.7B	£0.05B
Jun 02, 2015	£1.7B	£1.9B	£2B	£-0.2B
May 01, 2015	£1.8B	£1.8B	£1.8B